Earth Day: An annual call to action for the insurance industry
Scientists have built consensus around the probability that more powerful floods, fires, droughts and storms will occur with higher frequency as the Earth gets hotter.
Over the weekend, demonstrators called on the insurance industry to act on climate change outside the National Association of Insurance Commissioners (NAIC) national meeting in New York City, the first meeting since Chubb became the first U.S. insurer to stop underwriting the construction or operation of new coal-fired plants to combat climate change.
Representing a variety of environmental and community groups, such as Mothers Out Front, Divest Invest, Greenpeace and New York Communities for Change, demonstrators dressed as insurance company mascots and handed out fliers to meeting attendees. The fliers called on insurers cut ties with fossil fuels by ending insurance coverage and investments for coal and tar sands projects and companies, and scale up investments and insurance for clean energy.
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